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2013-08-28

Karnataka plans electronic clusters to attract investments

Karnataka plans to build five electronic clusters in the state to attract investments, boost production and generate employment.

Karnataka plans to build five electronic clusters in the state to attract investments, boost production and generate employment.


To be built under the public-private partnership (PPP) mode, the clusters will facilitate setting up of new ESDM units and expand the existing units in the brownfield.
 

The proposed clusters will have common testing and certification facilities for ESDM units and MSME (micro, small and medium enterprise) units.
 

The state government is planning to set up Rs 500-crore seed fund for the ESDM sector, offer incentives and innovation support for IP (intellectual property) creation under a new policy formulated on the recommendations of the Karnataka ICT group, headed jointly by Manipal Global Education chairman and former Infosys director TV Mohandas Pai and former STPI (Software Technology Parks of India) director BV Naidu.

 

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